November 16, 2022 by MMR
Target, Target chairman and CEO Brian Cornell, third quarter
Featured Articles, Leading Headlines, Money, Retail News, Uncategorized

MINNEAPOLIS — Target Corp.’s shares fell in early trading on Wednesday, after the company reported softening sales and a drop in earnings for its fiscal third quarter. Target reported that its comparable sales increased 2.7% in the quarter, on top of 12.7% growth in last year’s quarter. That performance was led by growth in such
November 10, 2022 by MMR
John Mulligan, Target, Target chief operating officer John Mulligan
Featured Articles, Leading Headlines, Retail News

MINNEAPOLIS – Target Corp. today unveiled a new prototype for its larger-format stores that offers a more open layout for shoppers while adding a dramatically larger backroom fulfillment space to support online delivery and pickup orders. Stores with the new design will measure nearly 150,000 square feet, or more than 20,000 square feet larger than
September 12, 2022 by MMR
FAO Schwartz, Target
Leading Headlines, Retail News

MINNEAPOLIS — Target is teaming up with FAO Schwarz to raise its game in the toy category ahead of the holiday season. Target said Monday that, beginning in mid-October, FAO Schwarz toys will be available exclusively at Target stores, Target.com and FAO Schwarz stores. Target also announced that its 10th annual Bullseye’s Top Toys list
September 7, 2022 by MMR
Arthur Valdez, Brian Cornell, Gretchen McCarthy, Target, Target chairman and CEO Brian Cornell
Featured Articles, Leading Headlines, People, Retail News

MINNEAPOLIS — Brian Cornell has committed to stay on as chairman and chief executive officer at Target for about three more years, beyond the retailer’s traditional retirement age of 65, the company said on Wednesday. But Arthur Valdez, executive vice president and chief supply chain and logistics officer, does plan to retire from Target. He
August 15, 2022 by MMR
Chicago, Denver, sortation centers, Target
2022, Issue 08-15-2022, Issues
MINNEAPOLIS — Target Corp. is adding three new sortation centers in the next year to speed deliveries for shoppers in the greater Chicago and Denver metro areas. The centers (two in Chicago, one in Denver) will also allow employees to work more efficiently and lower shipping costs, according to a post on the company’s website.
July 11, 2022 by MMR
Drive Up, remodels, Target
2022, Issue 07-11-2022, Issues
MINNEAPOLIS — Target Corp. recently completed its 1,000th store remodel, a milestone that represents the halfway point in a strategy announced five years ago to reimagine the ways it serves guests through innovative store design and renovations. In commemorating the milestone, Target noted in a post last month on its “Bullseye View” blog that stores
June 20, 2022 by MMR
spending shift, Target
2022, Issue 06-20-2022, Issues
MINNEAPOLIS — Target Corp. is canceling orders from suppliers and reducing prices to help clear an inventory glut in response to consumers’ faster-than-expected shift toward non-discretionary spending on things like food, travel and entertainment. Target said it also plans to add storage capacity near U.S. ports to lessen the impact of unusually high transportation and
May 23, 2022 by MMR
Cara Sylvester, executive vice president and chief guest experience officer, Target
2022, Issue 05-23-2022, Issues
MINNEAPOLIS — Target has appointed Cara Sylvester executive vice president and chief guest experience officer, a new role at the company, in one of several changes to the 14-member leadership team that reports to Brian Cornell, Target’s chief executive officer. Sylvester joined Target in 2007 and has been serving since last year as Target’s chief
May 13, 2022 by MMR
baby formula, Target, Walmart
Featured Articles, Leading Headlines, Retail News, Topics

WASHINGTON — President Biden Thursday asked retailers and manufacturers, including Walmart, Target, Reckitt, and Gerber, to do more to help families get infant formula. He discussed Reckitt and Gerber’s efforts to increase production to make up for lost supply from Abbott, and asked them to identify other ways the administration can help them. The conversation
May 5, 2022 by MMR
Arthur Valdez, Brian Cornell, Cara Sylvester, Christina Hennington, Matt Zabel, Target
Featured Articles, Leading Headlines, People, Retail News, Uncategorized

MINNEAPOLIS — Target has named Cara Sylvester executive vice president and chief guest experience officer, a new role at the company, in one of several changes to its leadership team. The company said Thursday that Sylvester will lead the strategy to further differentiate Target’s guest experience, with a focus on increasing personalization and attracting more
April 4, 2022 by MMR
Target, Times Square
Leading Headlines, Retail News, Slideshows, Topics

NEW YORK — Target opened a store in New York City’s Time Square area on Sunday. “We’re excited to bring the joy of Target to new guests and help them discover a unique shopping experience tailored to the needs of our community in the heart of New York City,” said Dan Rivera, Store Director of the
March 21, 2022 by MMR
Fiscal 2021, Q4, Target
2022, Issue 03-21-2022, Issues
MINNEAPOLIS — Target Corp. capped a spectacular fiscal 2021 performance by recording more than $100 billion in sales for the first time and achieving record earnings per share in the fourth quarter. With both its in-store and e-commerce channels operating impressively, management has announced an aggressive program of investments to drive long-term growth and expand